This paper examines how Africa can reposition itself to take full advantage of globalization—while minimizing the risks in the process—to accelerate economic growth and reduce poverty. The paper highlights that Africa’s share of world trade has dwindled, foreign direct investment in most countries has remained at low levels, and the income gap relative to advanced countries has widened. The paper looks at why Africa has missed out so far on the benefits of globalization, and indicates what steps Africa now needs to take to boost economic growth.
This Joint Staff Advisory Note reviews the latest Annual Progress Report (APR) on the implementation of the poverty reduction strategy (PRS) for Benin. The APR assesses progress in implementing the strategy during 2006 and the first half of 2007. The APR indicates that significant progress has been made in strengthening the macroeconomic framework. The APR highlights some improvement in social indicators but indicates that, at the current pace, Benin would not be able to reach all the Millennium Development Goal targets by 2015.
This paper reviews Benin’s Poverty Reduction Strategy Paper (PRSP) for 2003–05. Benin’s PRSP represents, on the one hand, an overall strategy for combating poverty which, instead of focusing solely on economic growth or exclusively on social services, integrates all the dimensions of development and poverty reduction. On the other hand, this strategy, without neglecting to take poverty in urban or adjacent areas into account, places greater emphasis on rural development. Moreover, the PRSP has been prepared with the participation of the targeted population groups.
This abstract discusses Benin’s poverty reduction strategy (PRS1). The PRS1 serves as both a strategic frame of reference and a framework for dialogue with technical and financial partners (TFPs). The six major phases involved in the preparation of the growth and poverty reduction strategy (GPRS) and design of the macroeconomic and budgetary framework have been explained in this paper. The impact of macroeconomic and budgetary framework on the attainment of the MDGs and on the poverty reduction is also reviewed.
The Second Poverty Reduction Strategy Paper (SCRP) for Benin explains growth strategy for poverty reduction. The SCRP emphasizes the importance of addressing governance, transparency, and corruption. Capacity for budget management will also have to be improved at the level of sectoral ministries. The SCRP could be strengthened in future progress reports. To facilitate the achievement of key objectives, the authorities should establish appropriate institutions that implement, monitor, and evaluate progress under the strategy.
The Government of the Republic of Niger has implemented the Poverty Reduction Strategy (PRS), which describes the country's macroeconomic, structural, and social policies in support of growth and poverty reduction. This strategy is based on the conviction that poverty can be reduced through strong and sustained economic growth that creates wealth and jobs. The study is the outcome of a concerted analysis. The first part outlines the diagnosis and key factors of poverty and the second part presents the major challenges, vision, overall goals, and strategic pillars.
This paper reviews the Annual Progress Report (APR) on Poverty Reduction Strategy Paper (PRSP) on Benin. The APR presents an overview of the implementation of the strategy addressing in turn the new vision of development in Benin, the major projects initiated for the creation of national wealth and the situation of poverty, and the achievement of the Millennium Development Goals in Benin. The APR also focuses on the level of implementation of the strategy, and deals with the monitoring of the macroeconomic and budgeting framework.
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
Benin has been implementing a national poverty reduction strategy for sustainable human development. The government of Benin judiciously stressed the development of the social sector and improved governance to develop human resources and enhance the effectiveness of its actions so as to lay the foundations for sustainable human development. The sectoral strategies and policies growing out of the poverty reduction and growth strategy (SCRP) will be refined and/or readjusted to more clearly delineate the actions planned and thereby facilitate their implementation.
This Poverty Reduction Strategy Paper (PRSP) was developed based on a long participatory process based on an institutional mechanism involving all socioeconomic development actors in the country. The annual review of the PRSP seeks to assess the results achieved in the implementation of the poverty reduction strategy by analyzing the evolution of the performance indicators retained and the level of execution of the matrix of measures retained in the PRSP. This study is based on the reports of IMF staff's PRSP and information collected from government projects, program budget, and framework.